Breaking Down VC Funding with Brightland’s Aishwarya Iyer

Girlboss Radio

Entrepreneurship, Business, Careers

4.4 • 1.9K Ratings

🗓️ 8 June 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

So, you have a genius idea for a new business: but how, exactly, are you going to pay for it all? We’ve talked a lot about bootstrapping this season on Girlboss Radio, but this week, Puno dives into the world of venture capital with Aishwarya Iyer, the founder and CEO of Brightland. How you fund your business affects how you build your business - and how long you have to make it happen. Before anybody can give you any advice about what type of funding you should look into, you need to know the answers to these three questions: What are you building? How much is it going to cost? How much control do you want? Tune in for Aishwarya’s unique perspective on venture capital after a decade in the industry. Discover Brightland’s nourishing olive oils and follow them on Instagram at @wearebrightland Thank you to our sponsors: Explore Vitruvi’s all-natural, 100% pure essential oils and gorgeous diffusers at vitruvi.com/girlbossradio and use code GIRLBOSS20 to get 20% off your next purchase. Create a beautiful, on brand website for your business with Squarespace! Head to squarespace.com/girlboss for a free trial, and when you’re ready to launch, use the offer code GIRLBOSS to save 10% off your first purchase of a website or domain!

Transcript

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0:00.0	Hi, my name is Puno.
0:08.2	I am the founder of I Love Creatives, and this is Girlboss Radio.
0:15.3	Funding, let's talk about it.
0:25.1	When you have an idea and want to start a business, it's overwhelming.
0:29.9	There are so many problems that you have to solve, typically when people start,
0:34.0	the biggest problem is how will you fund this business idea?
0:39.6	Because how you fund will inevitably affect how you'll build your business and how long you'll have.
0:51.6	We've had some really refreshing conversations about funding this season,
0:55.3	from the episode with Sophia, where we talked about how she took VC funding for NastyGal and Girlboss,
1:01.4	and why she didn't take VC funding for business class.
1:05.7	And then in the episode with Victoria Ashley of Laundry Day, we talked about why she couldn't
1:10.8	get a traditional small business loan, which is actually the norm.
1:14.8	And then the episode with Chany and Sonia, they talked about why they would never take funding.
1:20.4	Look, I get it.
1:24.9	We are heavily talking about bootstrappers.
1:27.6	And you know what, it's because I don't see enough bootstrappers in the media being celebrated,
1:33.9	and I am a bootstrapper, and I'm proud of it.
1:36.7	And yeah, while cool pat on the back for bootstrappers, love them.
1:41.2	It's not about bootstrappers versus VC funders versus crowd funders.
1:50.5	The way that I funded my company, it just made sense for the company that I wanted to build.
1:57.3	I've done a couple of panels, but no matter how much I talk about bootstrapping,
2:01.8	people always want to know, how do I get VC funding?
	...

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